Spatial Economic Analysis最新文献

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A flexible model for spatial volatility with an application to the Chicago housing market 一个灵活的空间波动模型及其在芝加哥住房市场的应用
IF 2.3 3区 经济学
Spatial Economic Analysis Pub Date : 2023-01-25 DOI: 10.1080/17421772.2022.2157471
Jiyoung Chae
{"title":"A flexible model for spatial volatility with an application to the Chicago housing market","authors":"Jiyoung Chae","doi":"10.1080/17421772.2022.2157471","DOIUrl":"https://doi.org/10.1080/17421772.2022.2157471","url":null,"abstract":"ABSTRACT Existing volatility models normally emphasize the behaviour of prices in a temporal sense and comparatively few studies have explicitly analysed the spatial variation of volatility. This paper proposes a flexible spatial volatility model for squared returns using a Box–Cox transformation that includes the linear and log-linear forms as special cases, thus providing a unified framework for simultaneously testing space-varying volatility and its functional form. The use of the model is illustrated by a substantive application to housing price data in the US city of Chicago. The estimation results suggest that housing returns in Chicago show that the volatility exhibits strong spatial dependence and the log-linear functional form is appropriate. In the final log-linear model, a new practical indicator, called neighbourhood elasticity, is proposed that determines how volatility in one neighbourhood is linked to that in surrounding neighbourhoods.","PeriodicalId":47008,"journal":{"name":"Spatial Economic Analysis","volume":"18 1","pages":"387 - 409"},"PeriodicalIF":2.3,"publicationDate":"2023-01-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49192849","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Raising the bar (23) 提升杆(23)
IF 2.3 3区 经济学
Spatial Economic Analysis Pub Date : 2023-01-02 DOI: 10.1080/17421772.2023.2149974
P. Elhorst, M. Abreu, P. Amaral, A. Bhattacharjee, Steven Bond‐Smith, C. Chasco, L. Corrado, J. Ditzen, D. Felsenstein, F. Fuerst, V. Monastiriotis, F. Quatraro, Umed Temursho, D. Tsiotas, Jihai Yu
{"title":"Raising the bar (23)","authors":"P. Elhorst, M. Abreu, P. Amaral, A. Bhattacharjee, Steven Bond‐Smith, C. Chasco, L. Corrado, J. Ditzen, D. Felsenstein, F. Fuerst, V. Monastiriotis, F. Quatraro, Umed Temursho, D. Tsiotas, Jihai Yu","doi":"10.1080/17421772.2023.2149974","DOIUrl":"https://doi.org/10.1080/17421772.2023.2149974","url":null,"abstract":"ABSTRACT This editorial summarizes the papers in issue 18(1) (2023). The first paper sets out a game-theoretic duopolistic spatial model to investigate whether online retailing causes more transportation-related emissions than offline retailing. The second paper proposes a methodology for statistically downscaling projected gross domestic product (GDP). The third paper presents a Bayesian approach for the estimation of a spatial weight matrix. The fourth paper proposes a two-step spatial non-parametric estimator for the distribution dynamics approach to study income convergence, extended with spatially dependent error terms. The fifth paper combines a gravity-RAS approach with the estimation of an econometric gravity model when regional export and import totals are available but interregional trade data are not. The sixth paper estimates the impact of country-specific immigrants settled in 611 Italian regions on the arrival of new immigrants in destination and adjacent regions. The seventh paper investigates the impact of the market potential of a region on individual wages. The eighth paper tests whether female labour force participation rates vary with past participation rates in their own and neighbouring counties.","PeriodicalId":47008,"journal":{"name":"Spatial Economic Analysis","volume":"18 1","pages":"1 - 6"},"PeriodicalIF":2.3,"publicationDate":"2023-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49478616","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Diffusion of crime control benefits: forced eradication and coca crops in Colombia 犯罪控制效益的扩散:哥伦比亚的强制根除和古柯作物
IF 2.3 3区 经济学
Spatial Economic Analysis Pub Date : 2022-11-24 DOI: 10.1080/17421772.2022.2151642
L. Morales, Eleonora Dávalos
{"title":"Diffusion of crime control benefits: forced eradication and coca crops in Colombia","authors":"L. Morales, Eleonora Dávalos","doi":"10.1080/17421772.2022.2151642","DOIUrl":"https://doi.org/10.1080/17421772.2022.2151642","url":null,"abstract":"ABSTRACT One explanation for the increasing number of hectares of coca is that eradication strategies displace coca crops but fail to completely clear affected areas. In the drug policy literature, that dynamic shifting is commonly known as the balloon effect. This study integrates georeferenced agricultural data through spatially explicit econometric models to test the hypothesis that forced eradication displaces coca crops. Using annual data for 1116 contiguous municipalities in Colombia, we estimate a spatial Durbin error model. Our results suggest that, on average, aerial fumigation in a municipality diffuses the benefits of this crime control strategy to neighbouring municipalities.","PeriodicalId":47008,"journal":{"name":"Spatial Economic Analysis","volume":"18 1","pages":"292 - 317"},"PeriodicalIF":2.3,"publicationDate":"2022-11-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44808981","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Heterogeneous spatial dynamic panels with an application to US housing data 应用于美国住房数据的异质空间动态面板
IF 2.3 3区 经济学
Spatial Economic Analysis Pub Date : 2022-10-26 DOI: 10.1080/17421772.2022.2118363
Yong Bao, Xiao Zhou
{"title":"Heterogeneous spatial dynamic panels with an application to US housing data","authors":"Yong Bao, Xiao Zhou","doi":"10.1080/17421772.2022.2118363","DOIUrl":"https://doi.org/10.1080/17421772.2022.2118363","url":null,"abstract":"ABSTRACT This paper proposes two models that incorporate both heterogeneity and multiple sources of spatial correlation for dynamic panels. One uses convex combinations of them to form a single weight matrix. The second one includes explicitly different spatial weight matrices to form a higher order model. We use a Bayesian scheme for model estimation by deriving the full conditional distributions of heterogeneous parameters. Our Monte Carlo experiments demonstrate their finite-sample performance relative to a baseline model. In our empirical study we find the importance of including both geographical and non-geographical information in capturing correlations in real house price growth in the United States.","PeriodicalId":47008,"journal":{"name":"Spatial Economic Analysis","volume":"18 1","pages":"259 - 285"},"PeriodicalIF":2.3,"publicationDate":"2022-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46073860","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Do public libraries impact local labour markets? Evidence from Appalachia 公共图书馆会影响当地劳动力市场吗?阿巴拉契亚的证据
IF 2.3 3区 经济学
Spatial Economic Analysis Pub Date : 2022-10-07 DOI: 10.1080/17421772.2022.2123552
A. B. Ferreira Neto
{"title":"Do public libraries impact local labour markets? Evidence from Appalachia","authors":"A. B. Ferreira Neto","doi":"10.1080/17421772.2022.2123552","DOIUrl":"https://doi.org/10.1080/17421772.2022.2123552","url":null,"abstract":"ABSTRACT This paper investigates the effect of public library programmes and participation on unemployment and labour force participation in Appalachia. Appalachia is an economically distressed area, mostly rural, and with a sustained lower level of labour force participation and a higher level of unemployment. As public library programmes can be cyclical to business cycles, that is, labour market outcomes, I use public library staff and the amount computers available as instruments. While ordinary least squares (OLS) estimates show no effect of adult or children’s programmes and participation on local labour market outcomes, spatial econometric estimates provide evidence of direct and indirect effects of adults programmes and participation on labour force participation.","PeriodicalId":47008,"journal":{"name":"Spatial Economic Analysis","volume":"18 1","pages":"216 - 238"},"PeriodicalIF":2.3,"publicationDate":"2022-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45387801","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Bayesian inference in spatial GARCH models: an application to US house price returns 空间GARCH模型中的贝叶斯推理:在美国房价回报中的应用
IF 2.3 3区 经济学
Spatial Economic Analysis Pub Date : 2022-10-07 DOI: 10.1080/17421772.2022.2123553
Osman Doğan, Suleyman Taspinar
{"title":"Bayesian inference in spatial GARCH models: an application to US house price returns","authors":"Osman Doğan, Suleyman Taspinar","doi":"10.1080/17421772.2022.2123553","DOIUrl":"https://doi.org/10.1080/17421772.2022.2123553","url":null,"abstract":"ABSTRACT In this paper we consider a high-order spatial generalized autoregressive conditional heteroskedasticity (GARCH) model to account for the volatility clustering patterns observed over space. The model consists of a log-volatility equation that includes the high-order spatial lags of the log-volatility term and the squared outcome variable. We use a transformation approach to turn the model into a mixture of normals model, and then introduce a Bayesian Markov chain Monte Carlo (MCMC) estimation approach coupled with a data-augmentation technique. Our simulation results show that the Bayesian estimator has good finite sample properties. We apply a first-order version of the spatial GARCH model to US house price returns at the metropolitan statistical area level over the period 2006Q1–2013Q4 and show that there is significant variation in the log-volatility estimates over space in each period.","PeriodicalId":47008,"journal":{"name":"Spatial Economic Analysis","volume":"18 1","pages":"410 - 428"},"PeriodicalIF":2.3,"publicationDate":"2022-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44345725","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Spatial Economic Analysis 空间经济分析
IF 2.3 3区 经济学
Spatial Economic Analysis Pub Date : 2022-10-02 DOI: 10.1080/17421772.2022.2131286
L. Corrado, P. Amaral, L. Dijkstra, Dg Regio, E. V. Leeuwen, Özge Öner, G. Ottaviano
{"title":"Spatial Economic Analysis","authors":"L. Corrado, P. Amaral, L. Dijkstra, Dg Regio, E. V. Leeuwen, Özge Öner, G. Ottaviano","doi":"10.1080/17421772.2022.2131286","DOIUrl":"https://doi.org/10.1080/17421772.2022.2131286","url":null,"abstract":"Co-editors: Maria Abreu, University of Cambridge, UK Pedro V. Amaral, Universidade Federal de Minas Gerais, Brazil Arnab Bhattacharjee, Heriot-Watt University, UK Steven Bond-Smith, University of Hawai’i at Manoa, USA Coro Chasco, Universidad Autónoma de Madrid, Spain Jan Ditzen (Digital Media Editor), Free University of Bozen-Bolzano, Italy Daniel Felsenstein, Hebrew University of Jerusalem, Israel Franz Fuerst, University of Cambridge, UK Philip McCann, Alliance Manchester Business School, Manchester University, UK Vassilis Monastiriotis, London School of Economics, UK Francesco Quatraro, University of Torino, Italy Umed Temursho, IOpedia, Spain and University of Central Asia, Kyrgyz Republic Dimitrios Tsiotas, Agricultural University of Athens, Greece Jihai Yu, Peking University, China","PeriodicalId":47008,"journal":{"name":"Spatial Economic Analysis","volume":"17 1","pages":"585 - 586"},"PeriodicalIF":2.3,"publicationDate":"2022-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47699941","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A minimum-disruption approach to input–output disaster analysis 投入产出灾难分析的最小干扰方法
IF 2.3 3区 经济学
Spatial Economic Analysis Pub Date : 2022-10-02 DOI: 10.1080/17421772.2022.2056231
Mengyu Li, M. Lenzen, L. Pedauga, Arunima Malik
{"title":"A minimum-disruption approach to input–output disaster analysis","authors":"Mengyu Li, M. Lenzen, L. Pedauga, Arunima Malik","doi":"10.1080/17421772.2022.2056231","DOIUrl":"https://doi.org/10.1080/17421772.2022.2056231","url":null,"abstract":"ABSTRACT The frequency of disasters has been increasing over the past decades, fuelled by natural phenomena and climate-related events. Policymakers require robust methodologies to assess supply-chain impacts of disasters. Input–output-based disaster approaches are able to assess such impacts; however, they rely on some assumptions, such as the fixed production-recipe assumption for industries or the possibility of negative final demand. This study presents an improved disaster analysis approach, called minimum disruption, in order to assess more realistically the impacts of a disaster on essential and non-essential sectors. In particular, we propose a priority-weighted approach for incorporating decision-makers’ priorities for transitioning economies to post-disaster equilibrium. We showcase the new approach by modelling the actual occurrences during Venezuela’s economic crises.","PeriodicalId":47008,"journal":{"name":"Spatial Economic Analysis","volume":"17 1","pages":"446 - 470"},"PeriodicalIF":2.3,"publicationDate":"2022-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"60063994","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Raising the bar (22) 提高标准(22)
IF 2.3 3区 经济学
Spatial Economic Analysis Pub Date : 2022-10-02 DOI: 10.1080/17421772.2022.2125177
P. Elhorst, M. Abreu, P. Amaral, A. Bhattacharjee, Steven Bond‐Smith, C. Chasco, L. Corrado, J. Ditzen, D. Felsenstein, F. Fuerst, P. McCann, V. Monastiriotis, F. Quatraro, Umed Temursho, D. Tsiotas, Jihai Yu
{"title":"Raising the bar (22)","authors":"P. Elhorst, M. Abreu, P. Amaral, A. Bhattacharjee, Steven Bond‐Smith, C. Chasco, L. Corrado, J. Ditzen, D. Felsenstein, F. Fuerst, P. McCann, V. Monastiriotis, F. Quatraro, Umed Temursho, D. Tsiotas, Jihai Yu","doi":"10.1080/17421772.2022.2125177","DOIUrl":"https://doi.org/10.1080/17421772.2022.2125177","url":null,"abstract":"ABSTRACT This editorial summarizes the papers in issue 17(4) (2022). The first paper combines input–output modelling with priority weighting to analyse supply-chain impacts of disasters. The second paper examines skill-based functional specialization of value chains in Brazil using interregional and international value-added measures. The third paper questions the common belief that agglomeration economies are the driving force behind cluster formation using an agent-based model. The fourth paper applies modern instrumental variables techniques to measure the impact of forced migration flows from Venezuela to Colombia on house prices. The fifth paper explores the impact of an ageing population on per capita labour income, consumption and wealth at the regional level using a multivariate spatial econometric model. The sixth paper examines the impact of neighbouring countries on migrants’ aggregate decisions to remit based on an advanced spatial econometric origin–destination model.","PeriodicalId":47008,"journal":{"name":"Spatial Economic Analysis","volume":"17 1","pages":"441 - 445"},"PeriodicalIF":2.3,"publicationDate":"2022-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44117486","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Allies or rivals? Spatial price competition in the Chinese retail gasoline market of inner Mongolia 盟友还是对手?内蒙古汽油零售市场空间价格竞争研究
IF 2.3 3区 经济学
Spatial Economic Analysis Pub Date : 2022-09-27 DOI: 10.1080/17421772.2022.2118361
Yihua Yu, Jian Cui, Chuwen Huang, Hanfang Yang
{"title":"Allies or rivals? Spatial price competition in the Chinese retail gasoline market of inner Mongolia","authors":"Yihua Yu, Jian Cui, Chuwen Huang, Hanfang Yang","doi":"10.1080/17421772.2022.2118361","DOIUrl":"https://doi.org/10.1080/17421772.2022.2118361","url":null,"abstract":"ABSTRACT This study examines the pricing behaviour in the gasoline market using station-level pricing data from Inner Mongolia, China. The spatial econometric findings confirm that: (1) there is a significant spatial dependence among gas stations; (2) the two state-owned oil giants, PetroChina and Sinopec, receive a positive pricing effect from their brands compared with other stations; (3) there is no significant evidence of price competition among PetroChina stations, and some evidence of competition among Sinopec stations, and more intense competition among other stations; and (4) ‘stand-alone’ (no stations nearby) stations have a price premium, but the premium is limited by the price regulation. Our results show the heterogeneity in pricing behaviour between stations, implying the need for differentiated policies to ensure orderly competition in the retail gasoline market.","PeriodicalId":47008,"journal":{"name":"Spatial Economic Analysis","volume":"18 1","pages":"197 - 215"},"PeriodicalIF":2.3,"publicationDate":"2022-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45687493","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
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